Marvell Technology Group Company Profile (NASDAQ:MRVL)

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Friday, September 22nd. Investors of record on Tuesday, October 10th will be paid a dividend of $0.06 per share on Thursday, October 26th. This represents a $0.24 dividend on an annualized basis and a yield of 1.34%. View Marvell Technology Group's Dividend History.

Marvell Technology Group Ltd. (NASDAQ:MRVL) announced its earnings results on Thursday, August, 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.28 by $0.03. The firm earned $604.75 million during the quarter, compared to analysts' expectations of $600.76 million. Marvell Technology Group had a return on equity of 9.99% and a net margin of 10.97%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, November, 16th 2017. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group issued an update on its third quarter earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.31. The company issued revenue guidance of $595-625 million, compared to the consensus revenue estimate of $615.98 million.

23 brokerages have issued 1-year price objectives for Marvell Technology Group's stock. Their forecasts range from $11.75 to $24.00. On average, they expect Marvell Technology Group's share price to reach $19.18 in the next twelve months. View Analyst Ratings for Marvell Technology Group.

Here are some recent quotes from research analysts about Marvell Technology Group stock:

• 1. Needham & Company LLC analysts commented, "Marvell Technology reports F2Q18 results tonight after the close. Despite modestly softer than expected conditions in the HDD segment, we nevertheless expect Marvell to report in-line F2Q18 results and F3Q18 guidance led by strength in its SSD segment, seasonality and new product ramps in the Connectivity business and continued margin expansion. With MRVL shares trading at 13.2x CY18 NG EPS (or 10.6x CY18 NG EPS ex. cash), we continue to see good value in the shares." (8/24/2017)
• 2. According to Zacks Investment Research, "California-based Marvell has outperformed the broader industry over the last one-year. Though the macro headwinds and stringent regulations might put the company's financials under pressure in the near term, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. This will be supported by growth from the company’s wide range of newly-launched IoT solutions. Also, the company’s recent restructuring initiative will help Marvell improve cloud infrastructure and applications, which are expected to drive the company’s top line. The latest buyback scheme also reflects the company’s sound financial position. However, competition in the semiconductor market from major players such as Intel and Texas Instruments is a headwind." (7/27/2017)
• 3. Loop Capital analysts commented, "We attended Marvell Technology Group, LTD’s (MRVL) first ever analyst day in NYC on Friday, March 10 and despite the inclement weather it was very well attended. MRVL remains one of our favorite mid-cap ideas for 2017 and we came away from the analyst day with increased confidence in the story. We believe management hit all the right notes outlining the revenue growth drivers across the breadth of its businesses, levers in the model to drive continued improvements to GM and OM, and a solid capital allocation strategy. In addition to MRVL providing a much anticipated long-term model, MRVL guided full year F2018 revenue outlook to be up slightly YoY vs. the Street estimate of down -1% YoY and pulled in and tightened the range for both pro forma gross margin and OpEx in F2018." (3/16/2017)
• 4. Cowen and Company analysts commented, "MRVL's first ever analyst day delivered on LT (C2019) financial model consistent with our $1.40 GAAP, while also highlighting better growth potential in the core biz and potential optionality around M&A (MLNX?). Given this new model (which is still conservative), we see a clear path to at least low $20's and raise our target from $20 to $21. Remains top idea in semis." (3/13/2017)
• 5. Citigroup Inc. analysts commented, "While new management team has done a good job in pruning low margin wireless biz and lowering opex amidst better than expected HDD storage demand, stock looks expensive in our view. We wait for core storage biz to show share stability and company to return to Y/Y revenue growth before turning constructive on the stock. MRVL trades at 14x P/E or above WDC/STX 10x on C18 EPS and in-line with storage + networking peer. On EV/FCF basis, MRVL trades at 17x or above WDC/STX 10x and peer 15x. MRVL will host analyst day on Mar 10th in NY next week. We expect company to discuss its growth and capital return strategy. Buy side expectations appear high with L/T financial model of 65% GM /30% OM vs. recent 60% / 20% performance." (3/6/2017)

Marvell Technology Group saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 6,789,336 shares, a drop of 25.9% from the August 15th total of 9,158,321 shares. Based on an average trading volume of 6,465,361 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.6% of the company's stock are short sold.

Some companies that are related to Marvell Technology Group include STMicroelectronics N.V. (STM), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flex Ltd (FLEX), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Coherent (COHR), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM) and Monolithic Power Systems (MPWR).

Marvell Technology Group's management team includes the folowing people:

• Richard S. Hill, Independent Chairman of the Board, Interim Principal Executive Officer
• Matthew J. Murphy, President, Chief Executive Officer, Director
• Jean X. Hu, Chief Financial Officer
• Andrew Joseph Micallef, Chief Operating Officer
• Thomas F. Lagatta, Executive Vice President - Worldwide Sales and Marketing
• Dan Christman, Executive Vice President - Storage Business Group
• Christopher Koopmans, Executive Vice President - Networking and Connectivity
• Gary Ignatin, Senior Vice President - Corporate Development
• Neil Y. Kim, Chief Technology Officer
• Mitchell L. Gaynor, Chief Administration and Legal Officer

Marvell Technology Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.40%), BlackRock Inc. (4.54%), FMR LLC (2.91%), State Street Corp (1.87%), Contour Asset Management LLC (1.83%) and UBS Asset Management Americas Inc. (1.77%). View Institutional Ownership Trends for Marvell Technology Group.

Marvell Technology Group's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Arrowstreet Capital Limited Partnership, Dimensional Fund Advisors LP, American Century Companies Inc., BlackRock Inc., Teachers Advisors LLC, Glenview Capital Management LLC and WINTON GROUP Ltd. View Insider Buying and Selling for Marvell Technology Group.

Marvell Technology Group's stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Renaissance Technologies LLC, Jennison Associates LLC, TimesSquare Capital Management LLC, TD Asset Management Inc., Contour Asset Management LLC, Quantitative Investment Management LLC and Sumitomo Mitsui Asset Management Company LTD. View Insider Buying and Selling for Marvell Technology Group.

Shares of Marvell Technology Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Marvell Technology Group stock can currently be purchased for approximately $17.87.